XAUUSD / 4H TIME FRAME
HELLO TRADERS
Current Price Behavior , Prices are trading inside a demand zone—a price range where buying interest is expected to be strong, leading to potential price increases.
Today, prices have declined by 1.80%, signaling short-term weakness.
A potential decline is expected to continue toward the demand line at $2,685. This level serves as support, where buyers may step in to stop further declines.
If prices stabilize inside the demand zone or if a 4-hour candle opens above/inside the zone, this suggests a potential increase.
In this case, the target price levels are $2,750 and $2,757, implying a bullish rebound.
If prices break below the demand zone, this indicates further weakness.
In this case, prices are expected to decline further toward $2,685 and possibly $2,663, suggesting a bearish continuation.